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Papua New Guinea’s foreign exchange (forex) backlog has significantly eased, falling to K100 million by the end of April 2025—the lowest level recorded in nearly a decade, according to the latest data from the Bank of Papua New Guinea and international financial institutions. Market analysts attribute this positive development to rising global prices for key PNG exports and effective regulatory measures by the central bank, which have together provided strong support for the country’s economic stability and growth. Economists from ANZ Bank noted that recent increases in global prices of major commodities such as cocoa, coffee, and gold have directly…

The Independent Consumer and Competition Commission (ICCC) of Papua New Guinea conducted a two-day enforcement operation in Manus Province from March 13 to 14, 2025, during which nine retail stores were served with infringement notices for breaching Price Control Measure No. 4 of 2023. The ICCC enforcement team in Manus confirmed that several retailers had increased the prices of regulated essential goods by more than the allowable 10% limit without obtaining prior approval from the Commission. In accordance with relevant regulations, each non-compliant store was fined K10,000, underscoring the ICCC’s firm commitment to consumer protection amid ongoing inflationary pressures. The…

In the early hours of May 19 local time, a serious ethnic clash broke out in North Waigani, Port Moresby, the capital of Papua New Guinea, leaving at least five people dead and causing a major fire that destroyed the Waigani Market and affected nearby properties. According to the National Broadcasting Corporation (NBC) of Papua New Guinea, the conflict—believed to be between members of the Enga community and another ethnic group—led to the deliberate burning of the well-known Waigani Market. The fire quickly spread, threatening nearby homes and properties, with thick smoke billowing over the area. NCD/Central Police Commander Benjamin…

A significant step forward for the transport sector! The delegation of powers for vehicle registration, licensing, and safety stickers has officially been returned to the Road Traffic Authority (RTA). This move allows RTA to resume full control of these regulatory functions within the National Capital District (NCD), while Motor Vehicles Insurance Limited (MVIL) will now focus solely on Third Party Insurance services. Please note: For other provinces across Papua New Guinea, MVIL will continue to manage registration, licensing, and number plate issuance until further notice. This signing ceremony marks a milestone specific to the NCD. Under the renewed leadership of…

By Anmol Kaur Grewal, Lorena Rivera Léon, and Sacha Wunsch-Vincent, World Intellectual Property Organization (WIPO), and Don Brasher, Altan AE. Yurdakul, and John W. Miller, Trade Data Monitor (TDM) Intellectual property ensures that innovations in high-tech industries, such as automotive, semiconductor or aeorspace technologies, as well as pharmaceutical drugs, are adequately protected and effectively leveraged at the international stage. In 2024, high-tech exports outpaced overall merchandise trade, rising by close to 9%, according to a joint analysis by Trade Data Monitor and WIPO. This growth, largely driven by advancements in artificial intelligence (AI) has boosted demand for silicon chips in…

On May 16, Papua New Guinea’s capital, Port Moresby, hosted a grand float parade to celebrate the country’s 50th anniversary of independence. Organized by the National Capital District (NCD) Government, this large-scale event not only showcased the vibrant and diverse local cultures of PNG but also became a grand occasion for international cultural exchange. Of particular note were three Chinese-themed floats, which made a stunning debut under the leadership and meticulous organization of the China–Papua New Guinea Friendship Association (CPNGFA). For the first time, Chinese cultural elements were presented on a national stage in PNG in such a large-scale, systematic,…

⚠️TRAFFIC ALERT FOR TODAY!⚠️GRAND FLOAT PARADE – 50th Anniversary Celebration Date: Today – 16 May 2025Time: 3PM – 6PMRoute: City Hall → Ela Beach (via Hohola, Koki, Kone) Port Moresby, be prepared! Major road closures & traffic delays expected TODAY as the city marks a golden milestone! Key Info:🚧 Parade route CLOSED: City Hall to Ela Beach (3PM–6:30PM)⛔ Side roads like Musgrave St & Champion Parade may also be affected➡️ Use These Alternate Routes: Avoid the traffic, plan ahead, and celebrate safely!

The streets of Port Moresby are poised to come alive tomorrow afternoon with a spectacular grand float parade, marking Papua New Guinea’s momentous 50th Independence Anniversary. In a historic first for the nation, the large-scale themed procession will journey from City Hall to the iconic Ela Beach, blending the rich tapestry of local traditions with vibrant international cultural expressions. This unprecedented event underscores PNG’s remarkable journey over the past five decades and its embrace of diverse cultures. A central highlight of the parade will be the debut of three magnificent floats generously contributed by China, a testament to the enduring…

Police Crack Down on Separate Intentional Killing Cases in Chuave District Chimbu Provincial Police have reported the successful arrest of suspects in two separate intentional murder cases that occurred within the same week. One male and one female suspect have been taken into custody and are now being held at Kundiawa Police Station, awaiting court proceedings. Provincial Police Commander (PPC) Superintendent Mazuc Rubiang confirmed to reporters that the first incident took place last Friday in Raiya village, located in Siane LLG, Chuave District. Willie Yauwe, 30, fatally stabbed his 21-year-old cousin Oscar Joseph during a domestic argument over a missing…

A Historic Milestone for the Country’s Healthcare System and the Pacific Region On Wednesday, May 14, Papua New Guinea’s health authorities officially announced the country’s first-ever successful kidney transplant, marking a groundbreaking step forward in the development of its national healthcare system. The procedure not only fills a critical gap in PNG’s medical capabilities but also represents a major advancement for the broader South Pacific region. The landmark operation took place on the evening of May 14 at Port Moresby General Hospital. Following the surgery, the patient successfully passed urine—an early and encouraging sign that the transplanted kidney is functioning…